cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Priyonggo Suseno
Contact Email
061002218@uii.ac.id
Phone
-
Journal Mail Official
editor.risfe@uii.ac.id
Editorial Address
Center for Islamic Economics and Development Studies (CIEDS) Faculty of Business and Economics, Universitas Islam Indonesia Jl. Prawiro Kuat, Ngringin, Condongcatur, Depok, Sleman Daerah Istimewa Yogyakarta, Indonesia, 55283
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Review of Islamic Social Finance and Entrepreneurship
Published by Universitas Islam Indonesia
ISSN : -     EISSN : 2963847X     DOI : https://doi.org/10.20885/RISFE
Core Subject : Religion, Economy, Social,
Religion Economics, Econometrics & Finance Social Sciences
AIMS AND SCOPE Aims Review of Islamic Social Finance and Entrepreneurship covers in detail a large number of topics related to Islamic Social Finance, comprising the latest empirical studies, country-specific studies, policy evaluations on Islamic sosial finance and entrepreneurship. This journal provides a forum for scientific exchange for academicians, practitioners, keen observers, and independent researchers, by publishing high-quality theoretical, empirical, and policy contributions. Scope: Islamic social finance: - Zakat Management - Zakat Collection - Zakat Distribution - Development of zakat Institution - Global zakat system and sustainable zakat accounting - Islamic social finance in post-pandemic period - Building sustainable Islamic social finance ecosystem - The role of Fintech in optimizing the social function of Islamic finance - Sustainable development goals and Islamic finance - Cash waqf endowment for Sustainable development - Implication of Islamic accountability for waqf - Islamic social finance through waqf - Good government for Islamic endowment - Takaful overview, growth and models - Governance mechanism of takaful market - Takaful product, service and customer perception - Islamic microfinance, principles of performance and problems - Islamic microfinance for sustainable development - Islamic microfinance for female empowerment - The role of the banking sector in operationalizing - Islamic social finance in post-pandemic period - Building sustainable Islamic social finance ecosystem - The role of Fintech in optimizing the social function of Islamic finance - Sustainable development goals and Islamic finance Islamic entrepreneurship: - Innovativeness and risk-taking - Ethics and social responsibility - The Muslim entrepreneurs among micro/small entreprises - Women Entrepreneurship Development - Islamic entrepreneurship mind programming on entrepreneurial performance - Technological innovation and entrepreneurship - Social welfare services in the social entrepreneurship context - Human resource in the Islamic sector and academic entrepreneurship - The role of enterprise architecture in enterprise integration - Model of strengthening the entrepreneurship character - Islamic venture capital as financing alternative of Muslim entrepreneurs - Islamic entrepreneurship education model for higher education institution
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 46 Documents
 1   2   3   4   5 
Examining Gen Z's intention using halal toiletries: Theory of planned behavior and perceived risk Andani, Listia; Bundo, Mayang; Ramly, Arroyyan
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art3

Abstract

Purpose – This study aimed to formulate a conceptual framework to investigate the influence of attitude, perceived behavioral control, subjective norms, financial risk, social risk, and security risk on the intention to use halal toiletries among Gen Z consumers in West Java.Methodology – Purposive sampling was used in this study. The respondents were 400 Gen Z Muslims residing in West Java Province. Data analysis was conducted using Structural Equation Modeling with Partial Least Squares (SEM-PLS).Findings – Variables from the Theory of Planned Behavior (attitude, subjective norms, and perceived behavioral control) positively influenced the intention to use halal toiletries. Financial, social, and security risks negatively impact Gen Z consumers' intentions to use halal toiletries.Implications – Halal toiletries should focus on enhancing product performance to receive positive consumer feedback and increase interest. Additionally, they need to promote community engagement; improve product accessibility and user-friendliness; and address security, social, and financial risks to effectively boost consumer intention.Originality – This research integrates components of risk perception with the Theory to create a comprehensive framework for understanding Gen Z’s intention to use halal toiletries. It contributes to the literature by highlighting how specific types of risks impact consumer intentions and offers actionable recommendations for the halal toiletries industry based on empirical evidence.
A Bibliometric analysis of green sukuk literature Prayogo, Syamsi Mustofa Singgih; Raditya, Aji; Sarea, Adel
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art6

Abstract

Purpose – The objective of this study is to provide a comprehensive analysis of the current body of literature on green sukuk.Methodology – To achieve this objective, this study uses a bibliometric analysis and visualization and mapping of green sukuk research from to 2015-2023. The process of retrieving data through the Scopus database with the keywords "green sukuk" OR "global green sukuk" OR "retail green sukuk" OR "project based green sukuk.” Findings – The findings included the identification of the most pertinent journals, highly cited articles, prominent authors, nations with prolific publishing in green sukuk, top research affiliations, and journal quality. The study also highlights the fundamental factors that contribute to the emergence of green sukuk, such as the incorporation of Islamic finance principles, adherence to green bond standards, emphasis on sustainability, implementation of environmental, social, and governance (ESG) principles, and the desire of investors to buy such instruments. Implications – This study examines the effects of government policies on the issuance of green sukuk to support all 2030 Sustainable Development Goals (SDGs) programs, particularly in mitigating and preventing the negative effects of climate change. Furthermore, it examines the potential consequences for future studies, as other scholars can use the discoveries of this analysis to investigate new research prospects concerning the correlation between green sukuk and sustainable development goals (SDGs).Originality – The analysis provides insights into the evolution of green sukuk, identifies gaps in current research, and highlights emerging areas of interest.
The impact of socio-cultural factors on entrepreneurial failure in Soran city Salih, Ehsan; Mahmood, Emdad Khaleel; Mustafa, Zhian Bwrhan; Ado, Samian Karim; Ahmad, Rebar Maghdid
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art1

Abstract

Purpose – The purpose of this study is to explore the impact of socio-cultural factors on entrepreneurial failure in Soran City, aiming to identify the key cultural influences that affect entrepreneurial outcomes and to propose a theoretical framework that explains these dynamics.Methodology – The research employed a qualitative approach, conducting structured interviews with 10 purposively sampled entrepreneurs who hold leadership roles in the entrepreneurial community of Soran. Data collection involved preparing, structuring, and organizing interview transcripts, followed by coding to identify themes and patterns. The analysis then focused on interpreting the socio-cultural significance of the identified factors in relation to entrepreneurial failure.Findings – This study found that socio-cultural factors significantly influence entrepreneurial outcomes. The key factors identified included societal values and norms, gender roles, family background, and educational background. While gender did not emerge as a prominent factor in this study, other socio-cultural elements played a critical role in shaping entrepreneurial success or failure.Implications – The findings highlight the importance of understanding cultural nuances in entrepreneurship. The study suggests that promoting an entrepreneurial culture through targeted community training workshops, educational courses, and media initiatives could enhance entrepreneurial activity and reduce the risk of failure in Soran.Originality – This research introduces the multidimensional socio-cultural constraints theory (MDSC Theory), which provides a novel explanation of how various socio-cultural factors cumulatively contribute to entrepreneurial failure. This theory offers a new perspective on the challenges faced by entrepreneurs in culturally specific contexts, emphasizing the need for culturally informed strategies to foster entrepreneurial success.
Global publication trends on zakat management strategy: A bibliometric analysis Azwar, Azwar; Nasir, Mohd Norzi bin
Review of Islamic Social Finance and Entrepreneurship Volume 4 Issue 1, 2025
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol4.iss1.art2

Abstract

Purpose – This study analyzed global publication trends on zakat management strategies using a bibliometric approach.Methodology – A quantitative method was employed through bibliometric analysis of the Scopus database, covering publications from 2000 to 2024.Findings – The results show a fluctuating but overall increasing trend in zakat management research. No researcher dominates the field, with most authors contributing only to 1-3 publications. Saad and Widiastuti are the most productive authors (three publications each), whereas S. Javaid is the most cited (57 citations). The Journal of Islamic Marketing is the leading publication medium, with five articles. Topic mapping indicates that zakat, Indonesia, Malaysia, strategy, and model are the most frequently discussed themes, highlighting the research focus on zakat management in Indonesia and Malaysia. Emerging topics include financial technology, Covid-19, and crisis adaptation, whereas governance, zakat distribution, and institutional quality remain underexplored, presenting opportunities for further research.Implications – These findings provide valuable insights for policymakers and zakat practitioners in developing efficient management models that integrate financial technology and crisis resilience. Educational institutions can also utilize these insights to design relevant curricula and training programmes. Additionally, this study identifies future research opportunities for the effectiveness of financial technology in zakat management and cross-country comparative analyses.Originality – This study offers a comprehensive bibliometric analysis of zakat management strategies and identifies key trends, influential authors, and leading publication sources. This study contributes new insights into emerging research areas and gaps, advancing the understanding of zakat management practices globally.
Trends and evolution in Islamic social finance research: A comprehensive bibliometric study Sudarsono, Heri; Nugrohowati, Rindang Nuri Isnaini; Mifrahi, Mustika Noor; Tumewang, Yunice Karina; Fitriyani, Yeny; Lidasan, Mussolini Sinsuat
Review of Islamic Social Finance and Entrepreneurship Volume 4 Issue 1, 2025
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol4.iss1.art4

Abstract

Purpose – This study provides a comprehensive overview of the current state of Islamic social finance literature using VOSviewer analysis to identify key themes, trends, and emerging areas in this field.Methodology – A bibliometric analysis was conducted using VOSviewer to map and visualize key concepts and emerging topics in the Islamic social finance literature. The analysis focuses on the term "Islamic social finance’."Findings – The analysis confirms the foundational role of traditional concepts, such as "Islamic social finance, " in the literature and identifies emerging themes, such as the impact of Covid-19 and economic crises. These findings highlight the evolution of literature and its adaptation to contemporary global challenges.Implications – This study underscores the need to explore how established concepts in Islamic social finance can be applied to address modern socioeconomic issues. The identification of emerging themes suggests potential areas for future research, particularly regarding how Islamic social finance can contribute to solving global challenges. For practitioners, the insights gained can serve as a guide for the development of Islamic financial products that are context-sensitive and align with both traditional principles and contemporary needs.Originality – This study makes a unique contribution by using bibliometric analysis to map the evolving landscape of Islamic social finance research, highlighting both established and emerging areas of interest. The findings of this study provide valuable insights for future research and practical application in this field.
Transforming zakat distribution: Integrating Nahdlatul Ulama's fatwa to address Indonesia's social inequality challenges Ahyani, Hisam; Solehudin, Ending; Mutmainah, Naeli; Rahman, Encep Taufik; Ahmad, Md Yazid; Muharir, Muharir; Sartono, Sartono; Fahmi, Ahmad Zulfi; Bhatti , Muhammad Safdar
Review of Islamic Social Finance and Entrepreneurship Volume 4 Issue 1, 2025
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol4.iss1.art3

Abstract

Purpose – This study explores the transformation of zakat distribution principles as outlined in Nahdlatul Ulama’s Fatwa Bahtsul Masail and its implications for Indonesia's legal regulations. The goal is to understand how these principles can enhance zakat management by addressing social inequality and poverty alleviation.Methodology – A normative juridical approach was used, with a descriptive analytical study based on a literature review. The research focuses on four main aspects: analyzing zakat distribution principles in the context of Indonesian law, examining the legal reasoning (istinbath hukum) behind these principles, identifying factors driving and hindering the transformation, and assessing the significance of implementing these principles in Indonesian legal frameworks.Findings – This study identifies three main principles—justice, equality, and regionality—that should be integrated into regulatory frameworks. It also highlights challenges, including a lack of public participation in zakat distribution through official institutions, such as NU CARE-LAZISNU.Implications – The findings suggest the need for increased socialization of zakat management principles by the National Amil Zakat Agency (Badan Amil Zakat Nasional, BAZNAS), based on both Sharia and secure legal regulations, to enhance the effectiveness of zakat management in Indonesia.Originality – This research provides valuable insights into the evolving principles of zakat distribution and their integration into legal frameworks, contributing to the adaptation of zakat management practices to contemporary challenges in Indonesia.
AI in Islamic finance: Global trends, ethical implications, and bibliometric insights Iqbal, Muhammad Saeed; Sukamto, Fifi Anti Mapika Sari Binti; Norizan, Siti Noraisyah Binti; Mahmood, Shanayyara; Fatima, Arooj; Hashmi, Faiza
Review of Islamic Social Finance and Entrepreneurship Volume 4 Issue 1, 2025
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol4.iss1.art6

Abstract

Purpose – This study explores the integration of Artificial Intelligence (AI) in Islamic finance, analyzing global trends, ethical implications, and future research directions. The purpose is to assess AI’s role in enhancing Sharia compliance, regulatory adherence, and operational efficiency in Islamic financial institutions.Methodology – Using a bibliometric analysis approach, this research examines publications from 2010 to 2023 indexed in Scopus and Web of Science. Keywords such as Islamic finance, "artificial intelligence, AI in finance, Sharia compliance, and globalization guided the search. Analytical tools, including VOSviewer and CiteSpace, were employed to visualize publication trends, citation networks, and influential research contributions from key countries like Pakistan, Malaysia, Turkey, Saudi Arabia, Indonesia, Qatar, Iran, and the UAE.Findings – The research indicate that AI significantly enhances financial inclusion, risk assessment, compliance automation, and customer service in Islamic finance. Key research areas highlight AI-driven solutions for Sharia-compliant financial products, ethical considerations, and regulatory frameworks. However, limitations exist, as this study focuses only on English-language publications, potentially omitting critical insights from non-English sources.Implications – This research contributes to the understanding of AI's role in Islamic finance, offering practical implications for financial institutions seeking to integrate AI for efficiency, transparency, and compliance. Originality – It provides an original bibliometric perspective on AI applications in Islamic finance, underscoring the sector’s potential for innovation and sustainable growth in a globalized financial landscape.
Contribution of Islamic economy in achieving Sustainable Development Goals (SDGs) Rohim, Ade Nur; Yetty, Fitri
Review of Islamic Social Finance and Entrepreneurship Volume 4 Issue 1, 2025
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol4.iss1.art5

Abstract

Purpose – This study aims to analyze the contribution of Islamic economics using various instruments to the achievement of Sustainable Development Goals (SDGs).Methodology – This study uses a qualitative approach with a literature study approach, with reference to various studies.Findings – This study found a close correlation and relevance between maqashid sharia as a goal of Islamic economics and the goals stated in the SDGs. In addition, it is concluded that the balance between commercial and social aspects in the Islamic economy is significant in sustainable development, which is manifested as a real contribution to the realization of the SDGs through the Islamic finance and banking sectors, as well as the Islamic social finance sector.Implications – It is recommended that the government optimize the management of various Sharia economic instruments to accelerate the achievement of the SDGs. Originality – This study emphasizes the suitability of the aim of the Islamic economic system to realize the achievement of the main maqashid sharia, namely maslahat, with the goals stated in the SDGs. It explores the contribution of the Islamic economic system in realizing sustainable development.
Examining financial well-being among students: Islamic social finance and theory of planned behavior approach Norizan, Siti Noraisyah Binti; Abu Bakar, Nashirah Binti; Iqbal, Muhammad Saeed; Idris, Izzyan Binti Mohd
Review of Islamic Social Finance and Entrepreneurship Volume 4 Issue 1, 2025
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol4.iss1.art1

Abstract

Purpose – This study explores the interconnections between financial attitudes, subjective norm, perceived behavioral control, and Islamic social finance toward financial well-being. It examines how these factors contribute to financial stability, particularly within the context of Islamic finance.Methodology – This study used a quantitative approach, and data analysis was conducted using SPSS 30. This study applied regression, correlation, and factor analyses to examine the relationships between the variables. Data were validated through reliability testing, normality assessments, and evaluations of construct validity to ensure methodological rigor and accuracy.Findings – The results showed a significant relationship between attitudes, subjective norm, strong perceived behavioral control, and Islamic social finance toward financial well-being. These findings validated our hypotheses.Implications – This study provides valuable insights for policymakers, financial institutions, and educators by highlighting the importance of fostering positive financial attitudes, enhancing financial self-efficacy, and promoting Islamic social finance practices. These findings can guide strategies to improve financial well-being across diverse socioeconomic groups.Originality – This study contributes to the literature by providing a comprehensive analysis of how the theory of planned behavior and Islamic social finance collectively influence financial well-being.
Why are SMEs willing to pay trade zakat? Evidence from East Java, Indonesia Rohman, Ghifary Duyufur; Al-Shaghdari, Fahd
Review of Islamic Social Finance and Entrepreneurship Volume 4 Issue 2, 2025
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol4.iss2.art1

Abstract

Purpose – This study aims to identify and analyze the key determinants influencing small and medium-sized enterprises (SMEs) compliance with trade zakat obligations in East Java, where zakat collection from the SME sector remains relatively low despite its socioeconomic potential.Methodology – This study adopts a quantitative approach utilizing Structural Equation Modelling (SEM) to analyze data collected through a structured questionnaire distributed to SME owners in East Java. In total, 171 valid responses were obtained. The six variables examined included entrepreneurs’ attitude, zakat literacy, role of zakat administrators, length of business, profitability, religiosity, and zakat.Findings – The results show that zakat administrators have a significant positive influence on SMEs’ willingness to pay zakat, whereas religiosity, zakat literacy, and entrepreneurs’ attitudes do not significantly affect willingness to pay. Additionally, religiosity, zakat administrators, and length of business significantly affected zakat literacy among SME owners.Implications – The findings highlight the strategic role of zakat administrators in promoting zakat compliance. Strengthening institutional roles and outreach programs can help increase zakat literacy and willingness to pay among SMEs, contributing to more effective zakat collection and socioeconomic development.Originality – This study contributes to the limited empirical literature on trade zakat compliance among SMEs in Indonesia by examining institutional and behavioral factors using a structured SEM approach. This underscores the need to shift focus toward institutional effectiveness rather than solely on individual religiosity or awareness.

Page 4 of 5 | Total Record : 46

 1   2   3   4   5 

Filter by Year

2022 2025


Reset
Filter By Issues
All Issue Volume 4 Issue 2, 2025 Volume 4 Issue 1, 2025 Volume 3 Issue 2, 2024 Volume 2 Issue 2, 2023 Volume 2 Issue 1, 2023 Volume 1 Issue 2, 2022 Volume 1 Issue 1, 2022